Deception on Corporate Fraud Investigation
Thursday, June 30th, 2011While a business is going through the bankruptcy process, all of the business’s assets need to be listed out clearly, so that the business’s net worth can be determined. This is regardless of whether or not the company actually believes that the asset is of any real value. Generally with bankruptcy fraud, a Corporate Fraud investigation is launched when there are indicators that the assets of the company have not been fully disclosed. Another issue that would warrant a fraud investigation would be fraudulent billing. Fraudulent billing is the billing for goods whether the debtor has actually shown an obligation to pay.